ASIAINFO TECH (01675) signs cooperation contract with Alibaba Cloud Capability Center.

ASIAINFO TECH (01675) has announced that recently ASIAINFO TECH (China) Co., Ltd. (a wholly-owned subsidiary of the Company) has signed a cooperation agreement (Cooperation Agreement) with Alibaba Cloud Technology Co., Ltd. (Alibaba Cloud) to become Alibaba Cloud's cloud computing project delivery capability center, demonstrating Alibaba Cloud's high recognition of the Company's capabilities in artificial intelligence (AI) large model application delivery. The two parties will work together, complement each other's strengths, and seek common development. Alibaba Cloud will continue to focus on computing power technology and model algorithm iteration, providing solid underlying support for the landing of AI applications with its leading infrastructure and technological reserves. ASIAINFO TECH will continue to promote the transformation of AI-native enterprises, relying on the advantages of capabilities generated by deep learning and large language models, gradually optimizing traditional application development paradigms, and providing high-quality, highly elastic, low-cost cloud delivery capabilities to Alibaba Cloud customers, continuously consolidating the Group's core competitiveness in cloud computing delivery. The two parties will strengthen their joint product development and service cooperation in multiple directions such as Tongyi Qianwen large models, AI integrated machines, and AI large model security solutions, carry out industry-specific research and development and market development, and promote the landing of "AI + " in various industries. Alibaba Cloud is a leading global cloud computing and artificial intelligence technology company, the largest in China and the number one in the Asia-Pacific region, serving millions of customers in over 200 countries and regions, providing services to over half of A-share listed companies and 80% of Chinese technology innovation companies. ASIAINFO TECH is a leading company in the field of "large model application delivery" with end-to-end and full-chain service capabilities, and is also an important member of the Alibaba Cloud government-enterprise "Xinghe Plan" AI ecosystem alliance. The Company's outstanding capabilities in aspects such as "consulting planning, infrastructure, large model platform, large model application, large model deployment, large model service, and operation management" support the development of various types of large model businesses for clients in various industries. The Board of Directors believes that entering into a cooperation agreement with Alibaba Cloud will provide opportunities for the Group to expand into new business areas such as AI large model delivery. It is expected that establishing a mutually beneficial cooperation relationship will create more potential growth opportunities, in line with the overall interests of the Group and its shareholders.